Latest News
Economy OK Now, but the Social Security Bill Will Come
The economy will have three years of growth before the government’s deficit weighs the country down, according to a report on the nation’s economic outlook issued by the Congressional Budget Office. By 2025, the federal budget may be returning to a $1 trillion deficit, mostly thanks to an increase in entitlement spending due to ObamaCare and the Baby Boomer generation collecting Social Security. In the short term, the economy will grow because of low oil prices, higher hourly compensation, and more people returning to the workforce and starting households…Read More
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.